Over 627,000 new businesses open each year, according to SBA estimates.
“With the right business and business development instructions you can increase your income and maybe fire your employer and become an employer in your community” – Dr. Tori Brown
- What would you do with an increase in your household?
- Purchase a home?
- Have money to save?
- Prepare for Emergency Expenses?
- Go on a family vacation?
- Buy Investment Property?
- Grow Your Business?
However, Be AWARE!
“Not having enough information to start or grow your business can cost you a lot of unnecessary expenses.” – Dr. Tori Brown
The Small Business Administration (SBA) defines a “small” business as one with 500 employees or less. In 2019, the failure rate of startups was around 90%. The research concludes 21.5% of startups fail in the first year, 30% in the second year, 50% in the fifth year, and 70% in their 10th year.